James F Farr Academy Inc

EIN: 042502446 501(c)(3)

Cambridge, MA

Total Revenue
$4,524,554
Total Expenses
$3,369,591
Total Assets
$9,689,750
Net Assets
$5,489,767
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
MA
Principal Officer
MICHAEL t CULHANE
Phone
6174924922
Tax Period
2024-07-01 to 2025-06-30

James F Farr Academy Inc, founded in 1972, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.2M, a strong 26% operating margin.

Mission

PROVIDER OF EDUCATIONAL AND SUPPORT SERVICES FOR INDIVIDUALS WITH SPECIAL ACADEMIC, BEHAVIORAL, AND EMOTIONAL NEEDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,295,938
Investment Income $319,926
Other Revenue $908,690
TOTAL REVENUE $4,524,554

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,337,443
Fundraising Expenses $0
Program Expenses $2,645,720
Other Expenses $1,032,148
TOTAL EXPENSES $3,369,591

Year-over-Year Comparison

2024 2023 Change
Revenue $4,524,554 $4,308,804 +0.1%
Expenses $3,369,591 $3,132,586 +0.1%
Net Income $1,154,963 $1,176,218 0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
30
Volunteers
5

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$360,330
Total Directors
7
$360,330
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL T CULHANE CEO/PRES./TREAS./Asst. Clerk 40.0
Officer Director
$332,856 $27,474 $360,330
Kimberly A Phillips Program Director 40.0
Highest
$133,048 $8,636 $141,684
Lisa M Davis Controller 40.0
Highest
$101,867 $8,589 $110,456
Ariel Greenidge Clinician 40.0
Highest
$101,153 $213 $101,366
BONNIE K CULHANE TRUSTEE/PROGRAM ADVISOR 1.0
Director
$0 $0 $0
DOUGLAS DICERBO Clerk/Secretary 1.0
Officer Director
$0 $0 $0
JOHN KILEY Trustee 1.0
Director
$0 $0 $0
DEAN LUCENTE Trustee 1.0
Director
$0 $0 $0
CRAIG LOOMIS Trustee (Eff. 09/09/24) 1.0
Director
$0 $0 $0
GREG SUSCO Trustee 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,524,554 $3,369,591 $9,689,750 $1,154,963
2024 $4,308,804 $3,132,586 $8,516,544 $1,176,218
2023 $3,732,810 $3,205,792 $7,275,197 $527,018
2022 $6,582,928 $5,868,334 $6,917,073 $714,594
2021 $6,908,659 $6,107,230 $7,961,688 $801,429
2020 $7,178,982 $7,176,855 $7,368,975 $2,127
2019 $6,668,742 $6,702,971 $6,295,710 $-34,229
2018 $6,565,631 $6,604,582 $6,189,486 $-38,951
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